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brunobravo

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08/07/24

15:39

Post #: 74657005
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Originally posted by Bishkek2017: ↑

An article below from Reuters about the battery makers in China increasing their production of stationary energy storage.
Whilst on this forum we have been focussed on the EV battery market and its potential impact on companies like RNU, I believe the potential of stationary energy storage may well be another catalyst that will have huge consequences for the uptake of the critical minerals required for such storage inclusive of graphite.
I'm sure that other battery companies outside of China will be, at the very least investigating this stationary energy storage with a view of future production.
To me these stationary batteries are the missing piece of the the renewable chain. If you can store the energy from your solar and wind farms the energy required becomes a lot more constant and continuous without requiring fossil fuel backup. The market for these Stationary energy storage batteries is massive and what country in this world would not want the potential to be free of using of fossil fuels, especially if you have to import them to power your industries.
Long way to go yet on this transfer of energy.

Good luck to all who hold RNU.

https://www.reuters.com/business/au...ry-makers-stack-up-energy-storage-2024-07-05/

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Thank you Bishkek2017 for your comment on the importance of stationary storage.
For the German private market alone I can say:
The home storage market grew by more than 150% in 2023
The battery storage units installed in 2023 had an average usable storage capacity of 8.6 kWh. The cumulative storage capacity of all home storage installed by the end of 2023 was 9 GWh, of which an impressive 4.6 GWh was added in 2023.

Greetings brunobravo

RNU Price at posting: 8.8¢ Sentiment: None Disclosure: Held
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